Hollinger Ex-CEO Role in Payments Unclear
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Hollinger International Inc., publisher of London’s Daily Telegraph, said former Chief Executive Conrad Black’s role in the distribution of $32.2 million in unauthorized payments still was unclear.
Richard Breeden, the former Securities and Exchange Commission chairman who is advising the company, said a special committee of Hollinger directors hasn’t yet drawn conclusions about what Black knew of the payments.
Separately, Chicago-based Hollinger said it granted Black a “short extension” on repaying the first installment of the $7.8 million in unauthorized payments that he received.
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